And wouldn't you say that if we are going to go this route and allow for FSOC to ignore its experts and indict a State-based system of insurance regulation that we are essentially setting up possibly a two-tiered system, one of which that once you are designated, you are going to have increased regulation, and would that not impact the free market of insurance sale?
Ross warns that FSOC's actions could create a two-tiered regulatory system affecting free market.
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